LBHIX

About LBHIX

Thrivent High Yield Fund Class S is a mutual fund focused on generating high current income by primarily investing in a diversified portfolio of high-yield, below investment-grade debt securities often referred to as "junk bonds." Managed by a seasoned team, the fund allocates at least 80% of its net assets to high-risk bonds, notes, debentures, leveraged loans, mortgage-backed securities, and convertible instruments, potentially including preferred stock. This approach targets issuers with lower credit ratings, balancing elevated credit and economic risk with the potential for above-average yields. The fund is designed to offer a higher income stream, distinguishing itself through monthly dividend distributions and a competitive expense ratio, making it one of the more cost-efficient options in its category. It serves as a tool for income-seeking investors who are able to accept higher volatility in pursuit of yield, and can play a diversification role in broader fixed-income strategies due to its relatively low correlation with investment-grade bonds and sensitivity to credit market cycles. Since its inception in 1997, the fund has maintained a prominent presence among high-yield bond portfolios, emphasizing both income and risk management in its investment process.